How to Make a Fixed Deposit (FD) Through OnlineSBI (State Bank Of India)

Requirements for creating a Fixed Deposit Online with SBI

Before we go ahead, there are three basic requirements that you will need:

The first and main requirement is that you need to have a Savings Account with State Bank Of India (SBI).

Secondly, you need to have the Online Banking facility, you can apply for Online Banking at your nearest SBI Branch.

Thirdly, you need to have Mobile Banking activated for your Savings Account, you can avail this facility at your nearest SBI Branch as well.

Once you have these, the next thing you need is a computer or a laptop with a Internet connection.

If you've got all of the above, then your ready to create your Online Fixed Deposit with Online SBI.

What is a Fixed Deposit (FD)?

Before creating a Fixed Deposit, you need to know what a Fixed Deposit really is..

FD is an abbreviation used for the term Fixed Deposit. These deposits are also known as term deposits and usually created for a long term. A fixed deposit is considered to be the safest investment with highest returns there is.

The thing that defines a fixed deposit is that the amount invested or deposited cannot be withdrawn until it reaches it's maturity date (date till which it was made for).

It is created for a fixed term say 1,3, 5 or even 10 or more years.

The Interest rates of a FD as compared to a normal savings account are nearly double or sometimes even more.

In today's fast pacing technologically advanced world, banks now allow you to create your fixed deposits by sitting at home and logging into your Online Banking Account.

Another feature that has been started by State Bank Of India (SBI) is that you can now create and break your online Fixed Deposit whenever you want, without having to even step outta your house!

Online SBI Home Page

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This is how the main home page of Online SBI looks like.

Read Login Instructions

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Important information you should read before you continue to login.

Logging in to Online SBI

To start with the creation of your fixed deposit, you first need to log in to your Online SBI account.

Remember to check if the site is genuine or not, you can do this by checking the verification signature at the side of the address bar as show on the image to your right.

Unless the verification bar is green and similar to the one in the image given, then and only then continue.

If there is no verification bar, exit the page immediately.

This verification is there as an authentication to show you that the site is genuine and secure.

Next, click on Login, once again refer to the image on your right to see where exactly it is.

After clicking the Login button, you will be re-directed to a confirmation page, read the note given there and once satisfied proceed to click the 'Continue to Login' button and you will now be re-directed to the login page where you have to enter your Online SBI ID and Password.

Login Page

Enter your correct ID and Password as you only get 3 tries.

Logging in to Online SBI Continued..

Once you have been re-directed to the login page, all you gotta do is enter your Login ID and Password provided and your ready to go.

Your login page will look just like the one shown above.

As an additional security measure, to avoid keyloggers, SBI has provided an online virtual keyboard which you can use to enter your password.

Once you have successfully logged in, you will be re-directed to your home page.

Online SBI Menu

Click on e-Fixed Deposit to create your online Fixed Deposit

Creating Your Fixed Deposit Online

Now you should be able to view your savings and existing deposit accounts.

To create you fixed deposit online, you now have to click on the e-Fixed Deposit link provided on the menu.

See the image above if you can't find it. Once you click on it you will be re-directed to a page where-in you can create various deposits online.

On the left hand side, click on e-TDR/STDR, the first option.

See below if you can't find it.

Now select your savings account number that you'd like to create your FD from, enter the amount, select TDR or STDR, accept the terms and from now on it's easy sailing.

Online Deposits Screen

Select the type of deposit you want to create and the follow the instructions given.

Queries

For any additional help or queries,suggestions or help need, please leave a comment below and I'll get back to you immediately.

Comments

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Sowmya venkatesham 4 weeks ago

What is the minimum amount to fix deposit???and what is the use of fix deposit??will i get any profit??

Alok Panigrahi 4 weeks ago

Is 15g and 15h required in online fd. Because in my online fd it is showing "no details"

Hemant Mistry 5 weeks ago

If i create online FD and then i want to take loan against that FD immediately is possible and if yes procedure for the same please

RAKESH KUMAR JAIN 7 weeks ago

I created a e-STDR MOD yesterday but I can not find in list of deposits. How can I view it?

Jai 8 weeks ago

Sir can we trf that fd to other SBI account

Neetika 2 months ago

When I try to open fd through netbanking then message shows Presently e-TDR/e-STDR is not available for selected debit account type. Inconvenience caused is deeply regretted

S.G.K.PILLAI 2 months ago

I tried to open a fixed deposit with sbi from outside india, but while processing showing e fixed deposit is not possible with this account, contact the branch. Do you have a solution to solve the problem and to make a fixed deposit with sbi online. Waiting for your reply at this email. sgpillai.7@gmail.com

Partha Ghosh 3 months ago

From where I can generate the slip of FD through online as I have generate the FD request after 8 Pm, so next day it is automatically deducted.

Sachchidanand Mishra 3 months ago

i have rd i want to convert it into fd

Nethra 4 months ago

I need to know the difference b/w TDR and STDR and which one will be better. Please suggest me.

Thanks & Regards,

Nethra

Manas Ranjan 5 months ago

If once I have selected tdr from the options and submit by confirming it and later want to change it to stdr...then what???Will I be able to do so???

Hemraj 5 months ago

My FD is not showing in Deposit Account Details?

T. Hymavathi 5 months ago

Is this deposit tax free

Kumar 6 months ago

I have one NRE account and one Savings account. After login I am able to see both accounts but while trying to create a new FD it is showing only Savings account. How will I get my NRE account under the debit account list option?

siddhesh 6 months ago

when i try to e-fixed deposit it gives me message that due to some technical problem your request cannot be completed this time, please try later.

Swati S 6 months ago

Will I get a notification from the bank once the FD has been opened? Will I get an e-receipt? Where can I take print out of the receipt for future reference?

Munna 6 months ago

I tried the above steps to open New FD a/c through OnlineSbi, but it shows "Term Deposit cannot be created online for this product combination. Kindly contact your branch". I cant understand what is the problem. please clarify and help me.

Amrit kumar Sharma 7 months ago

Can I use android smart phone for fix deposite

Sudhakar MV 7 months ago

How to take back the amount from fixed deposit ?

Silky Pine 7 months ago

I have a physical FDR for 1000 days and has a good interest rate as it was made before changes to interest rates. Now I want to convert to eSTDR. Can I convert in to electronic STDR through online banking without prematurely withdrawing it. I just want to convert to electronic with the existing maturity of 1000 days so that I do no lose interest because of new lower interest rates.

mohan 7 months ago

SBI FD under income tax?

laxmi 7 months ago

i have sbi account but mobile number is not registered and i have forgot the password how i can reset and do fd throuh online.

kindly suggest how to change password and do fd online.

Babli Sharma 7 months ago

Hi , Suppose I have created FD online for Tax saving then how I will get the certifictae of that FD.Whether I need to visit Home Branch or any SBI branch I can go and ask to give the Certificate or is there anything other way that I dont have to visit any branch , online I can take print of that certificate.

Kiran 8 months ago

Hi, I have opened an e-MOD account for fixed deposit and it is registered with an account number. Now, how can I deposit amount in the same account through online.

pragya chaturvedi 8 months ago

After Clicking on e-TDR i did not get the Account no. where as, i am getting this error "You are on viewing rights. If you want transaction rights, please go to e-Services-Upgrade Access Level. " Please get back me soon. and suggest how do i create my FD

Dhimant 8 months ago

Can I see FD entry in my SBI passbook?

Shankar Ratnapagol 9 months ago

What is the procedure for nomination on online fixed deposit . Can I change the nominee before maturity of FD

Mohammed Farooq 9 months ago

I have an NRE account, If I make a fixed deposit online than how to get FD bond or receipt

RAMNATH DEWANGAN 10 months ago

is there an option to put nomenee in etdr

Pranav 10 months ago

how can i select that, when i will get interest? Monthly, quarterly or else?

Amol 10 months ago

If I opened online TDR/STDR for 1 year. Now I want to withdraw before completing maturity. Which one from TDR/STDR can I closed before maturity? And Is there any penalty for that?

Trupti 10 months ago

Hi,

I want to do FD. My account is savings account but single. I want to do fd with my husbands account?

When I visit the branch they ask me to give account number with whom I want to make joint fd.

Please suggest me according.

shyamveer 10 months ago

35916928521

Ritu 11 months ago

How many fd's we can do (online) with one sbi account in a year

sagar 11 months ago

what is difference between What is e-TDR/e-STDR Multi Option Deposit(MOD) and e-TDR / e-STDR (Fixed Deposit). which one is useful. I want to deposite some amount of money every month. suggest some suitable FD scheme.

pavan 11 months ago

what is tdr payout amount how it will be calculated and will i get the interest amount if i take before the maturity time

MANOJ KUMAR 11 months ago

I have a NRE FD to be renewed how can i do it through online pls help.al so

i have received msg on mobile phone to approach the SBI branch for renewal pupose.

MANOJ KUMAR 11 months ago

.....

raj 11 months ago

when i try to open efixed deposit its saying mode of operation not set for your account.

kashiram Vichare 12 months ago

Shall I take print out of FDR ?

suyash 12 months ago

Suppose if i create a FD of for 7 days how much interest i ll will get and when i ll get my return.. is there any limit of creating FD ??

Sam 12 months ago

I have a joint a/c in a SBi group bank.I am primary holder(A) and the other holder is Secondary(B).So can I remove a online FD in the Secondary(B) holder's name only if I want to?How can that be done? Also,Whenever I try to get an online FD both the holder's name appears on the online generated FD.Pl help.Regards.

And ,is there any option to select monthly interest in non cumulative method.

rajesh 13 months ago

Hello all

I have one question , I am working in Saudi Arabia and so I didn't receive any otp and notifications in my registered mobile number

So it can be possible to do E- FD / STDR without OTP.

sachin 13 months ago

this massege occure, when i created fd on sbi net banking "personal banking sbi presently etdr/stdr is not available for selected debit account type. inconvenience caused is deeply regretted". How shall i do??

A 13 months ago

Hey, I have a FD which I opened at my local branch. Now i stay in another city and want to add money in the same fd account through e-banking. Is it possible or can e-STDR never be merged with STDR (manual)?

please let me know ASAP.

Chandan 14 months ago

I am trying to withdraw my FD from SBI. Do I essentially need to visit my home branch or can it be credited to my account visiting any of the SBI branch?

Prathima.K 14 months ago

Suppose, if we did Fixed Deposit e-TDR/e-STDR through online, after maturity, how the amount will be crediting in my account.

ajeet 14 months ago

what is the difference between tdr and stdr ? and which one of them is better

PRABHAKARA K 14 months ago

Dear SBI,

I have saving account in SBI kumrapark branch and i have e-bank along with mobile bank, now i wank fixed deposit facility through online, kindly give details for online fixed deposit.

Thanks & Regards,

Prabhakara.K

9972815223

Anu 14 months ago

I have booked FD online. How do i get the money from FD, once it is matured? Does it get transferred to my savings account? If not what is the option?

kumar00 14 months ago

Term Deposit cannot be created online for this product combination. Kindly contact your branch. solution for this

kumar 14 months ago

Term Deposit cannot be created online for this product combination. Kindly contact your branch. solution for this

kumar 14 months ago

Term Deposit cannot be created online for this product combination. Kindly contact your branch. while making online FD every time i get this message.

Term Deposit cannot be created online for this product combination. Kindly contact your branch.

Makbul Ahmad Mev 15 months ago

How can I add my FD through net banking

Aswathy 15 months ago

Hi Sir,

Which FD will be more beneficial interns of monetary?

e-TDR / e-STDR (Fixed Deposit)

e-TDR / e-STDR under Income Tax Saving Scheme

e-TDR / e-STDR (MOD) Multi Option Deposit

Thanks in Advance

LoanAdda 15 months agofrom New Delhi , india

A good article that will help lot of people with internet banking. Nice effort.

sumeet 16 months ago

i have to select one of these options:-

Auto renew Principal and Interest

Auto renew Principal and repay Interest

Repay Principal and Interest

I want to decide at the time of maturity whether to auto-renew or not.

so,which option should i select ?

if i select Repay Principal and Interest, can i update it to auto-renew at the time of maturiy ?

Balaji 18 months ago

I am planning to open a fixed deposit in sbi through online.. After creating it in online.. Is it possible to add money in fixed deposit through SBI branch(through cash)

ramya 18 months ago

hi can i add extra money to an existing fixed deposit.. example: lets say i have a fd of 70000, can i make it 1 lakh?

Karthi 19 months ago

I am getting this error while opening FD online "Term Deposit cannot be created online for this product combination. Kindly contact your branch."

harish 19 months ago

Sir already I have a FD account and have submitted pan card, now I want to create a FD account, can I create in online without submit pan card again?

shikha 20 months ago

what is the maturity instructions?

which option to be selected while doing FD?

Parth Vora 23 months ago

Do we need to pay any tax on FD amount? If yes then how much? Which is the best scheme in which you don't have to pay tax or need to pay it at minimum?

how i can add nominee in efd 23 months ago

how i can add nominee in efd

manvi 2 years ago

I have started using internet banking wanted to do FD for an amount of 50,000 but i don't have a pan card. Can i do the same without a PAN card. please tell me about the maturity amount what is it exactly? repay principle and interest... or auto option which one should be chosen?

Binod kr singh 2 years ago

Host to add nominee name in FD.

Ram 2 years ago

I have a joint account with my wife and i wanted to create online fd on her name. But i couldn't do it. After it was created, i saw it is in joint name. Is that possible to create fd in any one's name?

Shanoj 2 years ago

Can I create e-fd without a pan card?

Dr.Madhusudhan 2 years ago

I want to convert my e-fixed deposits into conventional(routine)fixed deposits.I am scared of online frauds and hence want to convert my e fixed deposits to routine ones.Can i do this by online banking or should i visit the bank personnely for doing so.

alankar 2 years ago

Term Deposit cannot be created online for this product combination. Kindly contact your branch. while making online FD every time i get this message.

what is the problem actually i dont know

Author

Paiva 2 years agofrom Goa, india

Abhijit, Yes you better approach your branch..

And Alankar, I didn't quiet get you..

alankar 2 years ago

i am not able to create online fd message shown by bank site this product combination is not create online. what is problem actually i am not getting

Abhijit 2 years ago

My eFD was prematurely closed even though I had given maturity instruction to replay principal and interest. Do I have to approach branch to check why it was done so ?

Author

Paiva 2 years agofrom Goa, india

No it won't..But you won't get notifications or an OTP to make online purchases.

shakti 2 years ago

My mobile number has changed that I have given to bank at the time of account opening and I left the city also. Is this effect my online FD facility or not? Do I need to submit my new phone number to bank?

Author

Paiva 2 years agofrom Goa, india

Yes,exactly. In STDR your interest gets cummulated, i.e you get interest on interest.

Rohit 2 years ago

Buddy this TDR / STDR is like we are depositing a fixed amount for eg say 10,000 for a tenure of 1 year , and if we are choosing TDR we will get interest during regular intervals but in case of STDR we will be getting this interest at the end of maturity period. Am i right?

Kavya 2 years ago

"Term Deposit cannot be created online for this product combination. Kindly contact your branch" I get this error msg while creating a FD. Wat do I do?? Branch is not even aware of this problem...

priya 2 years ago

difference between online fd and bank fd.Is there any difference in interest rate and in offline mode we get sum certificate can we get that on online also.

An important piece of information : FD cannot be done online if the mode of operation is Joint. Can only be done for single account holders. Hope this information helps.

Mainak 2 years ago

I have a joint account with my wife and i wanted to create online fd on her name. But i couldn't do it. After it was created, i saw it is in joint name. Is that possible to create fd in any one's name?

Author

Paiva 2 years agofrom Goa, india

There is an option Close Account under the section where you go to create the FD

skdking 2 years ago

You say that, 'Another feature that has been started by State Bank Of India (SBI) is that you can now create and break your online Fixed Deposit whenever you want, without having to even step outta your house!'